Barbara is currently a financial writer working with successful B2B businesses, including SaaS companies. She is a former CFO for fast-growing tech companies and has Deloitte audit experience. Barbara has an MBA degree from The University of Texas and an active CPA license. When she’s not writing, Barbara likes to research public companies and play social games including Texas hold ‘em poker, bridge, and Mah Jongg.
What is an invoice approval workflow and what steps are involved? Learn about its processes, challenges, and best practices for a more efficient workflow.
Your invoice approval workflow is a necessary but tedious business process–learn about its common challenges and how invoice automation can help streamline it.
What is a 2/10 net 30 early payment discount and when does it make sense for your business to use one? Read our full guide with examples and calculations.
The bargaining power of suppliers is one of Porter’s Five Forces, and is the concept that suppliers can apply pressure to companies by lowering product quality or availability, or raising product prices.
The bargaining power of buyers is the concept that customers can apply pressure to vendors in order to lower product prices, increase product quality, or provide better customer care.
Your business can find a fractional CFO for hire through several sources. Is your business planning to hire a part-time CFO employee through the payroll or find an independent contractor or freelancer for hire via a contract?
Supply and demand is a microeconomics theory describing the effect that the available level of goods or services has on pricing, buying volume, and subsequent production level. As supply decreases, sellers increase prices, and the level of buyer demand decreases.
You can avoid or stop backup withholding by correcting the reason for the backup withholding. Report your correct taxpayer identification number (TIN) to the payer. Resolve the underreported income and pay amounts owed. File any missing tax return(s).
Businesses use W-9 forms submitted by some U.S. suppliers and independent contractors to complete IRS forms 1099-NEC and 1099-MISC. W-9 forms are also required for other transactions besides reporting self-employed contractor income on 1099-NEC or 1099-MISC.
The 1099 rules for types of items to report for 2022 on Form 1099-MISC and 1099-NEC per IRS Instructions generally apply to income payments of at least $600 and backup withholding of federal and state income taxes.
With good business credit, companies can gain advantages. They may receive business credit card perks. With better business credit, you’ll receive lower interest rates on loans. Insurance rates will be lower.
Marginal cost is important because businesses can determine their optimum production level for making a profit before costs will increase and monitor increases in variable costs.
The choice of NetSuite vs QuickBooks depends on your business type and growth expectations. Small businesses with high growth prospects often start with QuickBooks and move up to NetSuite or another ERP system when their needs and budget grow.
Some of the NetSuite modules are included with the NetSuite platform. Others are add-on modules for an additional cost if selected for your business. The functionality of certain add-on modules, including Work Orders and Assemblies, may be included in other NetSuite modules.
A demand side platform is software used by advertisers and agencies to buy online ad space through a digital marketplace. Publishers list their available advertising slots on digital ad exchanges integrated into the demand side platform.
